PNC · 10-Q · 2026Q2 · Full report

Guidance / Outlook

PNC FINANCIAL SERVICES GROUP, INC. · 2026-08-05 · Importance 67 · Surprise 76 · No source text

For the third quarter of 2026, PNC expects average loans to increase 1% to 2% sequentially and net interest income to increase 3% to 3.5%. Fee income is expected to decline 5% to 5.5%, while noninterest expense is expected to decrease 7% to 8%, or 2% to 3% excluding integration costs and significant items. For full-year 2026, management expects average loans to rise approximately 12.5%, net interest income to increase 15% to 15.5%, total revenue to increase approximately 14% and noninterest expense to increase approximately 11.5%. The outlook includes approximately $325 million of merger and integration expenses and excludes specified Visa, securities and Foundation-related significant items.

Key facts

• For Q3 2026 compared to Q2 2026, PNC expects average loans to be up 1% to 2%, net interest income to be up 3% to 3.5%, fee income to be down 5% to 5.5%, other noninterest income to be $150 million to $200 million, noninterest expense to be down 7% to 8%, noninterest expense excluding integration costs and significant items to be down 2% to 3%, and net loan charge-offs to be approximately $225 million source
• For full year 2026 compared to full year 2025, PNC expects average loans to be up approximately 12.5%, net interest income to be up 15% to 15.5%, noninterest income to be up approximately 11% (9% excluding integration costs and significant items), total revenue to be up approximately 14% (13% excluding integration costs and significant items), noninterest expense to be up approximately 11.5% (8.5% excluding integration costs and significant items), and effective tax rate to be approximately 19.5% source

Impact estimates